Describe the key features of Henry Clay’s “American System.” Indicate how these features were designed to produce economic growth.
What will be an ideal response?
ANSWER
The protective tariff was designed to promote American industry and create a home market for agricultural products from the South and West.
Federally-funded internal improvements like roads and canals would create a national market and stimulate production in all sections.
A second national bank would stabilize the national currency and provide sound credit. The goal was to promote national economic self-sufficiency.
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